New GST rates LIVE updates: What will change for middle class, traders and shoppers from today

New GST rates LIVE updates: A new era of indirect taxation begins today as GST 2.0 takes effect across India. The revamped structure simplifies the system into just two primary slabs of 5% and 18%, replacing the earlier four-tier framework.

Most goods and services will now fall under these two rates, while ultra-luxury products face a higher 40% tax.

Prime Minister Narendra Modi, speaking ahead of the rollout, described the reform as a turning point for the economy. He said the new GST system will accelerate India’s growth and strengthen Aatmanirbhar Bharat. Calling it a “GST bachat utsav” or savings festival, he stressed that the poor, middle class, farmers, youth, women, traders, and shopkeepers will all benefit.

Catch latest updates, reactions, and insights on the implementation of GST 2.0 here.